Janet Yellen
The US Senate approved Janet Yellen as the head of the country's Treasury. RIA Novosti writes about it.
The nominee has collected the necessary for approval half plus one vote of senators. Thus, for the first time in US history, the ministry was headed by a woman.
She has already announced that she intends to revise the sanctions regime, making them strategic. At the same time, she is going to maintain sanctions against Russia over Crimea.
In addition, she intends to work on a second package of economic support. Yellen noted that long-term budget trends are worrisome, but it is important to cope with the pandemic and make long-term investments to grow the economy.
Earlier, analysts predicted that Yellen could bring down the dollar. She plans to increase the liquidity of the national economy by injecting public funds, the newspaper notes. Currency strategist and analyst at National Australia Bank Ltd. Rodrigo Catril said that the country's authorities will not hinder the market decline in the dollar, if such measures are taken.
Janet Yellen is an American economist who led the US Federal Reserve System from 2014 to 2018.
